Virtus Total Return Fund

Virtus Total Return Fund, Inc. is a closed-end diversified investment fund, which invests in equity securities and fixed income. Its seeks to generate total return, consisting of capital appreciation and income. The company was founded on July 21, 1988 and is headquartered in Greenfield, MA.

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on March 1, 2024: Amount of Distribution Ex-Date Record Date Payable Date $0.05 April 10, 2024 April 11, 2024 April 29, 2024 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholde.

Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) (“the Fund”) today announced that it has commenced a tender offer (“Tender Offer”) to acquire up to 10% of the Fund's outstanding shares in exchange for cash at a price equal to 98% of the Fund's net asset value (NAV) as of the close of regular trading on the business day immediately following the day the Tender Offer expires. The Tender Offer will expire at 5 p.m. (Eastern) on May 1, 2024 and the pricing date will be M.

Virtus Total Return Fund Inc. Announces Commencement of Tender Offer

Virtus Total Return Fund Inc. announces a tender offer program to enhance shareholder value and provide liquidity. The tender offer will be for up to 10% of the Fund's outstanding shares at a price equal to 98% of NAV. Two additional conditional tender offers may be implemented if the Fund's average trading discount remains wide.

ZTR: Tender Offer Quick Notes

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HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) (“the Fund”) today announced that its Board of Directors has approved a series of actions intended to enhance shareholder value, provide shareholders with an additional source of liquidity for their investment, and provide the potential to reduce the Fund's trading discount to its net asset value per share (“NAV”) over time. The actions approved by the Board of Directors are: A tender offer (“Tender Offer”) to acquire u.

Virtus Total Return Fund Inc. Announces Tender Offer Program

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) today announced additions to its portfolio management team and the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.05 March 8, 2024 March 11, 2024 March 28, 2024 $0.05 April 10, 2024 April 11, 2024 April 29, 2024 $0.05 May 10, 2024 May 13, 2024 May 30, 2024 $0.05 June 13, 2024 June 13, 2024 June 27, 2024 The Fund announced it has added Rodney C. Clayton, CFA, and Steven Wittwe.

Virtus Total Return Fund Inc. Announces Distributions and Additions to Portfolio Management Team

Virtus Total Return Fund Inc. continues to trade at a more tempting discount since its distribution cut in 2023. The ZTR closed-end fund's performance has been weak, but given its discount and portfolio positioning, the future could potentially be brighter.

ZTR: Discount Makes This An Interesting Fund With A Potentially Brighter Future

The ZTR fund cut its distribution in August, as warned in my prior article. The new distribution rate should be sustainable in the short term given ZTR's strong performance rebound. However, with elevated equity valuations and normalized interest rates, forward asset class returns are poor, and it is unclear how ZTR can maintain a 9.6% NAV distribution yield.

ZTR: Remain Cautious Despite Distribution Cut

Virtus Total Return Fund Inc. aims to provide high total return through investments in equity and fixed-income assets, with a current yield of 11.03%. The ZTR closed-end fund has underperformed both equity and fixed-income indices year-to-date, down 7.85%. The ZTR fund's recent strong performance may be driven by expectations of declining interest rates, but the future direction of rates is uncertain.

ZTR: Avoid This Fund Until We Get More Visibility

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.05 December 8, 2023 December 11, 2023 December 19, 2023 $0.05 January 11, 2024 January 12, 2024 January 30, 2024 $0.05 February 9, 2024 February 12, 2024 February 28, 2024 The Fund previously announced the following monthly distribution on August 31, 2023: Amount of Distribution Ex-Date Record Date Payable Dat.

Virtus Total Return Fund Inc. Announces Distributions and Discloses Sources of Distribution – Section 19(a) Notice

The Virtus Total Return Fund has experienced a significant cut to its distribution and a decline in its price. The fund's top holdings have underperformed, mainly due to rising interest rates and a decline in the utility sector. It is unlikely that the fund's distribution coverage will improve in the short term, and the NAV has been declining.

ZTR: Time To Cut Bait And Go Fishing Elsewhere

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced, on August 31, 2023, the following monthly distribution: Amount of Distribution Ex-Date Record Date Payable Date $0.05 September 8, 2023 September 11, 2023 September 21, 2023 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination ther.

Virtus Total Return Fund Inc. Discloses Revised Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) today announced it will adjust its monthly distribution effective with the September distribution: New Distribution Amount Ex-Date Record Date Payable Date $0.05 September 8, 2023 September 11, 2023 September 21, 2023 $0.05 October 11, 2023 October 12, 2023 October 24, 2023 $0.05 November 10, 2023 November 13, 2023 November 24, 2023 The fund's monthly distribution rate will be reduced from $0.08 per share to $0.05 per s.

Virtus Total Return Fund Inc. Announces Adjustments to Monthly Distributions

Virtus Total Return Fund has a dividend yield of 15% but has underperformed with a total annual return of only 0.1% over two decades. The fund's income has consistently decreased, with dividend payments dropping from $2.16 to 96 cents per share annually. The fund's high leverage and dividend payments make it difficult for the fund to recover losses, and it has consistently traded at a discount.

ZTR: A Fund That Just Returns Your Money

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) today announced the following monthly distributions: Amount of Distribution Ex-Date Record Date Payable Date $0.08 June 9, 2023 June 12, 2023 June 23, 2023 $0.08 July 12, 2023 July 13, 2023 July 25, 2023 $0.08 August 10, 2023 August 11, 2023 August 23, 2023 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net inves.

Virtus Total Return Fund Inc. Announces Distributions

I wrote an article on the merger of ZF into ZTR back in 2019. The 12% ZTR premium back then has now turned into an 11% discount. ZTR is a balanced fund with about 60% in equities and 40% in fixed income.

ZTR: Widening Discount And High Distribution Rate Make This Balanced Fund Attractive Here

The ZTR follows a 60/40 balanced allocation. It pays an attractive 14.8% forward yield.

ZTR: Balanced Fund With An Unsustainable Yield

Virtus Investment Partners

HARTFORD, Conn. , Feb. 3, 2023 /PRNewswire/ -- Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced, on November 17, 2022, the following monthly distribution:   Amount of Distribution Ex-Date Record Date Payable Date $0.08 February 10, 2023 February 13, 2023 February 24, 2023 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof.

Virtus Total Return Fund Inc. Discloses Sources of Distribution - Section 19(a) Notice

ZTR has hit a discount level that appears to be quite attractive relative to its historical level. Helping push it there was the fund's rights offering and an overall weaker market in 2022.

ZTR: More Attractively Priced At A Significant Discount

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ZTR rights offering has concluded. As expected, the distribution was dilutive to NAV/share.

News for Virtus Total Return Fund ETF (ZTR)